Budget airline easyJet's (EZJ) full-year profits took a nosedive as soaring fuel costs rocked the aviation industry. The airline's pre-tax profits plunged over 64% to £43.7 million in the 12 months ended 30 September. The £79.4 million reduction was driven by a substantial £86 million increase in fuel costs, the airline said. The airline normally purchases the vast majo...

Budget airline easyJet has posted a severe fall in profits for the full-year to the end of September as a result of rising fuel costs. The airline posted underlying pre-tax profits of £43.7 million, compared with £123.1 million in the same period a year earlier - a fall of 64.5% However, the no-frills airline said it expected

By Rhys JonesLONDON (Reuters) - Full-year profits tumbled at easyJet, caught out by hedging fuel prices at high levels, but the low-cost airline forecast better earnings next year as it brings its fuel costs down.

Rising fuel costs and lower interest income saw full-year profits plunge by 64.5% for low-cost airline easyJet.

Financial Times - The low-cost airline reported a 50 fall in profits to £54.7m after it was hit by a £330m charge for hedging its fuel requirements, despite a sharp fall in the price of oil

Budget airline Easyjet reports a halving of full-year profits to the end of September.

By Rhys JonesLONDON (Reuters) - Full-year profits tumbled at easyJet, caught out by hedging fuel prices at high levels, but the low-cost airline forecast better earnings next year as it brings its fuel costs down.

EasyJet may have revealed a 65% drop in profits today, but the budget airline said it is one of only a few carriers to make a surplus in the recession

BBC News - Budget airline Easyjet has reported a big fall in full-year profits to the end of September.

Budget airline easyJet said that profits were down 65 per cent on last year but added that it was one of the few carriers to make a surplus in the recession.